Agribuys Announces New Expansion.Business Editors TORRANCE, Calif.--(BUSINESS WIRE)--Oct. 17, 2001 Agribuys, the leading supply-chain integrator (1) In electronics, a device that combines an input with a variable, such as time, and provides an analog output; for example, a watt-hour meter. (2) See systems integrator. for the food industry, today announced the opening of its new global headquarters in Torrance. The new facility, which is almost twice the size of its existing location, was necessary to accommodate the rapid increase in business that the company is experiencing. The company also announced an internal restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). that increased emphasis on the key areas required to support its forward-looking goals. As a result, Agribuys is actively augmenting its management team in the areas of global implementation services, development and training. "This move enables us to bring together dispersed dis·perse v. dis·persed, dis·pers·ing, dis·pers·es v.tr. 1. a. To drive off or scatter in different directions: The police dispersed the crowd. b. teams while providing a collaborative environment for our expanding staff," said Marina Kotsianas, Agribuys president and chief executive officer. "Our continued stability and growth in the perishables procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. space are a direct reflection of client confidence in Agribuys' leadership position despite the troubled economic environment." Agribuys' new office is located at 21250 Hawthorne Blvd., Suite 400, Torrance, CA 90503. Its phone and fax numbers stay the same -- tel: 310/944-9655 and fax: 310/944-9665. About Agribuys Agribuys is the premier supply-chain integrator for the global food industry. Agribuys offers Internet-based solutions for demand planning and management, procurement, logistics, receiving and payment. These solutions improve the way organizations carry out transactions, use real-time information to make decisions, and build relationships with their supply-chain partners. The Agribuys Online Marketplace provides a global hub that is optimized for the trading of perishable per·ish·a·ble adj. Subject to decay, spoilage, or destruction. n. Something, especially foodstuff, subject to decay or spoilage. Often used in the plural. foods. Based in California, with offices in Australia, Asia, Canada and Europe, Agribuys is rapidly expanding to further broaden its global procurement platform. The company is backed by Internet Capital Group (Nasdaq:ICGE). Its strategic partners include the WorldWide Retail Exchange (WWRE WWRE World Wide Retail Exchange ), the premier Internet-based business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) exchange for retailers and their suppliers. The WWRE currently has 56 members with combined sales of US$820 billion. For more information, visit the company's Web site at www.agribuys.com or call 877/499-3052. |
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